Chart Industries Stock Forecast
Chart Industries stock price up 1.68% on Tuesday
(Updated on Jul 02, 2024)
The Chart Industries stock price gained 1.68% on the last trading day (Tuesday, 2nd Jul 2024), rising from $140.07 to $142.43. During the last trading day the stock fluctuated 1.71% from a day low at $140.62 to a day high of $143.03. The price has been going up and down for this period, and there has been a -0.02% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 385 thousand shares were bought and sold for approximately $54.77 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.34% during the next 3 months and, with a 90% probability hold a price between $125.65 and $142.90 at the end of this 3-month period.
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GTLS Signals & Forecast
There are mixed signals in the stock today. The Chart Industries stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $143.25 and $148.54. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 1.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Chart Industries stock
Chart Industries finds support from accumulated volume at $140.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.41 (1.71%) between high and low. For the last week, the stock has had daily average volatility of 3.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GTLS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Chart Industries to open at $142.03, and during the day (based on 14 day Average True Range), to move between $137.20 and $147.66, which gives a possible trading interval of +/-$5.23 (+/-3.67%) up or down from last closing price. If Chart Industries takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $140.64 (1.26%) than the resistance at $154.00 (8.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chart Industries stock A Buy?
Chart Industries holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.198 Sell Candidate Unchanged
Predicted Opening Price for Chart Industries of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$142.03 ( 0.283%) | $142.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GTLS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 144.44 | 1.41% |
R2 | 143.52 | 0.763% |
R1 | 142.95 | 0.363% |
Price | 142.43 | |
S1 | 141.11 | -0.93% |
S2 | 140.54 | -1.33% |
S3 | 139.62 | -1.98% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 160.71 | 12.83% |
R2 | 155.00 | 8.83% |
R1 | 154.00 | 8.12% |
Price | 142.43 | |
S1 | 140.64 | -1.26% |
S2 | 140.19 | -1.57% |
S3 | 140.07 | -1.66% |
FAQ
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